Committee: InsuranceSponsor: Shelnutt
Analyst: Julie KnightDate: 02/19/2021


Senate Bill 26 as passed the Senate would require property and casualty insurers to submit an annual Statement of Actuarial Opinion, pursuant to NAIC standards with certain exceptions. This bill could increase the administrative obligations of the Department of Insurance by a small undetermined amount to approve or deny applications for exemption from this requirement.

 Kerry Rich, Chair